Deal Would Resolve About 8,000 Lawsuits in the U.S.

Johnson & Johnson said it agreed to pay about $2.5 billion to resolve thousands of lawsuits filed by patients who allege they were hurt by some of the health-product maker's artificial hips.

According to people familiar with the terms of the deal, J&J would pay $250,000 for each surgery to replace the hip implants in an estimated 8,000 patients in the U.S. In addition, the people said, the company will set up a $475 million...